HSBC Holdings plc Reaffirms Buy Rating for Tesco PLC (TSCO)
TSCO has been the topic of several other research reports. Macquarie reissued an outperform rating and set a GBX 250 ($3.23) target price on shares of Tesco PLC in a research note on Friday, May 19th. Deutsche Bank AG reissued a buy rating and set a GBX 240 ($3.10) target price on shares of Tesco PLC in a research note on Tuesday, August 1st. Credit Suisse Group reissued an underperform rating and set a GBX 145 ($1.87) target price on shares of Tesco PLC in a research note on Tuesday, August 29th. Shore Capital reissued a hold rating on shares of Tesco PLC in a research note on Friday, June 30th. Finally, Kepler Capital Markets decreased their target price on Tesco PLC from GBX 205 ($2.65) to GBX 189 ($2.44) and set a hold rating on the stock in a research note on Friday, June 2nd. Seven investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Tesco PLC has an average rating of Hold and an average target price of GBX 192.25 ($2.48).
Tesco PLC (LON TSCO) opened at 187.75 on Wednesday. Tesco PLC has a 52 week low of GBX 160.65 and a 52 week high of GBX 219.40. The stock’s 50 day moving average price is GBX 179.80 and its 200 day moving average price is GBX 181.13. The stock’s market cap is GBX 15.31 billion.
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In other Tesco PLC news, insider John Allan acquired 20,000 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were acquired at an average price of GBX 171 ($2.21) per share, for a total transaction of £34,200 ($44,168.93). In the last quarter, insiders bought 20,234 shares of company stock worth $3,461,414.
Tesco PLC Company Profile
Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The Company’s segments include UK & ROI, which includes the United Kingdom and Republic of Ireland; International, which includes Czech Republic, Hungary, Poland, Slovakia, Malaysia and Thailand, and Tesco Bank, which includes retail banking and insurance services through Tesco Bank in the United Kingdom.
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